The Miamisburg, OH-based big data company reported first quarter net income of $22 million, or 30 cents per share on a diluted basis, 12 cents worse than the 42 cents per share analysts were expecting the company to report.
Revenue for the period dropped 7.3% to $582 million versus analyst expectations of $605.68 million.
For the year the company forecast net profits between $2.50 and $2.70 per share, in line with analysts' $2.56 per share expectations for the year. Revenue is expected to be between $2.68 billion and $2.73 billion versus $2.69 billion analyst estimates.
TheStreet Ratings team rates TERADATA CORP as a Hold with a ratings score of C+. TheStreet Ratings Team has this to say about their recommendation:
"We rate TERADATA CORP (TDC) a HOLD. The primary factors that have impacted our rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, increase in net income and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year."
Highlights from the analysis by TheStreet Ratings Team goes as follows:
- You can view the full analysis from the report here: TDC Ratings Report